New from Prudential: Level Term Life to Age 65

Young people are often in the dark when it comes to long-term finances. Showing young adults how to plan financially is key, especially after the financial crisis of 2008. Many parents don’t know where to begin when it comes to helping their children develop good financial habits so involving a financial planner is sometimes the way to go.

An experience that is practical and almost certainly guaranteed to be unique is a session with a financial planner, says CBS Moneywatch. Booking an appointment for a recent college graduate is not only doing them a huge favor, but also offering parents some peace of mind.

Young adults embracing financial independence may not know everything about dealing with money in “the real world,” so even an hour with a financial expert can enlighten them on basics like credit scores, major loans and life insurance. Financial planners can assist with debt management and getting expenses under control as well.

A report in the Danbury (Connecticut) News Times said that it can be a good idea for young people to get a life insurance policy since purchasing life insurance early on can lock them into a low premium.

Financial planning can be costly but it’s an investment that will reap great return.